Pursuant to Regulation 30 & 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, We wish to inform you that the Board of Directors at its meeting was held at ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board approved standalone audited results for Q4 and full year ended March 31, 2025. The company reported zero revenue from operations, with only Rs 0.72 lakhs of other income (likely rent) for FY25, unchanged from FY24. Net loss widened slightly to Rs 20.11 lakhs (FY25) from Rs 19.37 lakhs (FY24), translating to EPS of Rs (0.10). Reserves are deeply negative at Rs (1,866.85) lakhs against share capital of Rs 2,000.20 lakhs, and the company explicitly disclosed that accumulated losses exceed 50% of its capital, though it continued to prepare accounts on a going concern basis citing business potential. The statutory auditor (M/s. Mohindra Arora & Co.) issued an unmodified opinion. The board also appointed M/s. Veenit Pal & Associates as Secretarial Auditor for five years from FY25-26 to FY29-30, subject to shareholder approval.
This is effectively a dormant company with no operating business, persistent losses, and severely eroded net worth. The going concern note is a red flag - shareholders face material uncertainty about the company's ability to continue. The stock remains highly illiquid on BSE/CSE and is unlikely to see any positive price action without a revival plan or new business activity.